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The University of Missouri sued a former pharmacy professor, Ashim Mitra, accusing him of stealing a graduate student’s research and secretly using it to obtain a patent, to a new drug that it said could make, the professor millions of dollars.

The lawsuit said Dr. Mitra had already made about $1.5 million from the inventions and has the potential of earning $10 million in royalties over the next five years from what the university claims, could be a billion-dollar drug!

The University of Missouri said that in 2011, Dr. Mitra forwarded Dr. Cholkar’s experimental results to Auven Therapeutics, a pharmaceutical company based in the United States Virgin Islands that eventually entered into a contract with Dr. Mitra and patented the inventions. The drug at the center of the dispute, Cequa, uses nanotechnology to make it a more effective treatment than traditional eyedrops.

This update will be discussing the benefits and risks of Intellectual Property in a University.

To read more please follow this link:. Missouri Professor stole Student’s Invention, to sell New Drug, Lawsuit claims by olufola wusuMissouri Professor stole Student’s Invention, to sell New Drug, Lawsuit claims by olufola wusu

Olufola Wusu is a Commercial/Oil and Gas and I.P. Lawyer with Megathos Law Practice based in Lagos.

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